A retail and office building in Kirkland’s waterfront district has come to market for $18.83 million ($838 per square foot), as seller West Fork Capital looks to capitalize on the Pacific Northwest’s stable commercial real estate fundamentals. According to public records, the Seattle-based owner has held onto the property since 2019 when it paid $8.7 million.

The 22,481-square-foot Kirkland Lake Building at 105 Central Way sits along Lake Washington’s eastern shore, offering investors a combination of waterfront positioning and steady cash flows. The property is marketed by Newmark’s retail capital markets team, led by Billy Sleeth, and Dan Harden who is leading the office leasing efforts. The property features a 5 percent capitalization rate based on current net operating income of $941,

See Full Page